Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Illit, mired in controversy, remains on Billboard charts for 5th week
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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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S. Korea faces increasing ransomware attacks this year
South Korea's ICT ministry said Tuesday the country reported 78 ransomware attacks in the first half of the year in the latest sign of growing cyberattacks. Ransomware is a type of malware that holds a target's data hostage or locks up its systems until a ransom is paid. It is not immediately clear whether the targeted companies paid ransoms to hackers in return for restoring access to their data. The latest figure represents a rising trend, compared with 22 in 2018, 39 in 2019 and 127 cases
July 6, 2021
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Joseon-era govt. office, palace rituals to be reborn through AR, VR technology
The Seoul metropolitan government said Tuesday it is developing augmented reality (AR) and virtual reality (VR) platforms to enable the public to virtually experience a government office and historical palace rituals from the Joseon Dynasty (1392-1910). The city government will develop the platforms in partnership with the Cultural Heritage Administration, Woomi Construction Corp. and Cheil Worldwide Inc. under an agreement signed Tuesday, and unveil them to the public next year. The project w
July 6, 2021
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S. Korea, Israel to speed up joint R&D projects
South Korea and Israel said Monday they plan to speed up joint research and development projects to cope with the changing business environment amid the COVID-19 pandemic. The announcement came after the two countries announced earlier this year that they will increase contributions to the Korea-Israel Industrial R&D Foundation. The foundation kicked off in 2001 to promote bilateral technology exchanges. In May, South Korea and Israel vowed to each disburse $4 million annually for the foun
July 5, 2021
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[News Focus] Apple’s free update of lossless format to reshape digital music in Korea
Last month,Apple rolled out two big updates -- a lossless audio format and Dolby Atmos support -- for its flagship digital music service. As Apple Music subscribers get the two upgrades at no extra charge, attention is now placed on Korean digital music providers that offer similar content in separate pay plans. With the updates, Apple switched over 20 million tracks to a lossless format named ALAC, or Apple lossless audio compression. Apple said it plans to make its entire catalogue of over 7
July 5, 2021
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SKT offers a glimpse of what mmWave 5G network would be like
South Korea’s top wireless carrier SK Telecom said Monday that the company has started a test run of its 5G network running on the 28-gigahertz bandwidth at Coex, in Samseong-dong, Seoul. For the test run of super-fast wireless connection, the company has set up an exhibition at a 36,000-square-meter area at Coex, offering a glimpse into SKT’s future technology businesses, such as the metaverse. During the event, which runs through Sunday, anyone who visits can use the “mi
July 5, 2021
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Samsung likely to unveil three foldable phones on Aug. 11
Samsung Electronics will unveil a lineup of new mobile devices, including foldable phones, next month, according to industry sources on Monday. Industry watchers say that Samsung will be holding a Galaxy Unpacked event at 11 p.m. on Aug. 11, Korea time, which will be livestreamed from Seoul. Samsung, however, hasn’t yet sent out an official invitation to its partners and media worldwide. Regarding the schedule, Samsung said it is not yet fixed. The upcoming show will be the first th
July 5, 2021
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[Newsmaker] Cyworld comes alive again
Cyworld, the dominant social networking site here before the era of Facebook throughout the 2000s, was set to reopen Monday evening, with many in their 30s and 40s ripe with anticipation to revisit their past. Cyworld Z, the company that bought Cyworld in January this year, said it has recovered some 17 billion photos and over 100 million videos stored in the old servers. With nearly 32 million members at one point, Cyworld was the uncontested champion of social media here, as the country&rsqu
July 5, 2021
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S. Korea to offer sea radiation level via website
South Korea's oceans ministry said Sunday it plans to launch a new platform to provide the latest information on the radiation level in local seas to the public amid growing safety concerns over Tokyo's planned release of contaminated water. "We plan to minimize the public's concerns over the safety of our waters and seafood, and bolster monitoring on the radiation level of the ocean," the Ministry of Oceans and Fisheries said in a statement. In April, the Japanese government said it
July 4, 2021
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LG invests W100b in Kakao Mobility
LG Corp., the holding company of Korea’s fourth-biggest conglomerate, on Friday inked a 100 billion-won ($88 million) investment deal with Kakao Mobility as part of efforts to discover new opportunities in future mobility. Both sides did not reveal how much stake LG would acquire in the digital transportation service app operator with the latest deal. LG said the investment was made as part of considerations to develop potential synergy between the conglomerate’s affiliates and
July 2, 2021
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SK Biopharm aims to crack ranks of world’s top 10 health care companies
South Korean central nervous system drug developer SK Biopharmaceuticals CEO Cho Jeong-woo vowed to help the firm attain a value of 50 trillion won ($44.02 billion) by 2030 and make the list of the world’s top 10 health care firms. SK Biopharm shared its latest corporate vision during an online event titled “Financial Story,” held Friday. During the event, SK Biopharmaceuticals presented detailed strategies to achieve the goal. SK Biopharm said the company would launch mor
July 2, 2021
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LG Chem chief takes initiative to attract top talent
LG Chem Vice Chairman Shin Hak-cheol has rolled up his sleeves to recruit top-tier talent who could lead the company’s future research and development under environmental, social and governance standards. The chemical affiliate of LG Group on Friday held a conference at InterContinental Seoul COEX in southern Seoul, inviting 45 engineers who are pursuing master’s or doctorate degrees at local universities and research institutions. LG Chem’s executives joined the conferenc
July 2, 2021
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Korean biz community expresses concerns about OECD ‘digital tax’
South Korea’s business community expressed concerns Friday about a global move toward additional taxes on technology companies that would affect Korean tech giants such as Samsung Electronics and SK hynix. The Federation of Korean Industries, an organization that represents the interests of Korean businesses, said in a statement, “We express concerns about the side effects of an agreement on the digital tax announced by the Organization for Economic Cooperation and Development.
July 2, 2021
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LG Chem receives positive phase 2 clinical study results for gout treatment candidate
LG Chem announced Thursday that the company received positive results from the phase 2 clinical trial of its gout treatment candidate LC350189 in the US. LC350189 is a novel nonpurine selective inhibitor of xanthine oxidase, which oxidizes both hypoxanthine and xanthine to uric acid. High uric acid levels can increase the risk of gout. The phase 2 clinical trial in the US, which involved 156 patients, showed efficacy of the gout treatment candidate in lowering uric acid levels, accordi
July 1, 2021
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Seegene inks partnership with Bio-Rad to sell its diagnostic tests in the US
South Korean diagnostics company Seegene said Thursday that the company has partnered with Bio-Rad Laboratories for the clinical development and commercialization of diagnostic products in the US. Under the agreement, Seegene will provide the company’s diagnostic tests for use on Bio-Rad’s molecular diagnostic CFX96 Dx Real-Time PCR Detection Systems. The contract will run for five years from the date that the two companies win approvals from the US Food and Drug Administration.
July 1, 2021
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LG U+ upbeat about Disney partnership on content streaming
The chief of LG U+, the smallest of the three major mobile carriers in South Korea, on Wednesday expressed confidence that Disney would choose it as the local partner for its Disney+ streaming service launch, slated for September. “Disney puts its top priority on customer convenience and requires very high standards in terms of quality of content service,” said CEO Hwang Hyeon-sik, during his first press conference since taking office seven months ago. His remarks were embargoed un
July 1, 2021
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S. Korea's 5G users near 16m in May
South Korean mobile users on 5G networks reached nearly 16 million in May, data showed Thursday, as telecom operators seek to expand applications of the next generation networks. As of the end of May, 5G subscriptions stood at 15.84 million, accounting for 22 percent of the total 71.45 million mobile subscriptions in the country, according to the data from the Ministry of Science and ICT. South Korea has a population of around 51 million. Top mobile carrier SK Telecom Co. had the most 5G subsc
July 1, 2021
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LG Uplus aims to expand non-telecom biz: CEO
LG Uplus Corp., one of three mobile carriers in South Korea, is aiming to boost its profile by expanding media and business-focused services beyond its established focus in telecommunications, its chief has said. Hwang Hyeon-sik, CEO of LG Uplus, said in a press conference Wednesday that he aims to raise the company's share of sales from non-telecom services to 30 percent of the total by 2025 from the current 20 percent. "The future B2B market will transition from a focus on infrastructur
July 1, 2021
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Samsung's Galaxy S21 Ultra wins best smartphone award at MWC 2021
Samsung Electronics Co. said Thursday its latest flagship smartphone, the Galaxy S21 Ultra 5G, has won the best smartphone award at the world's largest mobile telecommunications expo. The high-end model of the Galaxy S21 series was honored at the Global Mobile Awards at Mobile World Congress 2021 in Barcelona on Wednesday (local time), the South Korean tech giant said. The Galaxy S21 Ultra 5G, which was launched in January, competed for the award with the Galaxy S20 FE 5G, Apple iPhone 12 Pr
July 1, 2021
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S. Korea eases rules for phase 3 clinical trial of new COVID-19 vaccine
South Korea’s COVID-19 vaccine candidates can be evaluated through comparison with previously authorized vaccines. This means domestic vaccine developers will no longer have to recruit large control groups for a phase 3 clinical trial. According to the Ministry of Food and Drug Safety on Wednesday, the government has revised guidelines for phase 3 clinical trials in a bid to accelerate the development of homegrown vaccines against COVID-19. Under the new rules, drugmakers would need j
June 30, 2021
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Hundreds of 5G users file joint lawsuit over disappointing network services
Hundreds of 5G mobile users filed a joint lawsuit Wednesday against the country's three major mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Corp. -- over disappointing quality of the latest generation networks, according to their legal representative. Around 520 people are taking part in the joint lawsuit, which argues that carriers have offered incomplete 5G services, leading to poor network quality, Kim Jin-wook, an attorney at law firm Joowon, said. "The action seeks compens
June 30, 2021